Elizabeth is 44 years old and married. She had five years of primary school. She has three children, two of whom are studying. For a living, she sells cosmetics from a catalogue. She began the business with her mother, always selling products via catalogue and now she now has eight years of experience.
She organized this group and is asking for a loan in order to expand her business by buying more products to sell. In the future, she wants to have a store where she can sell beauty products. The rest of the members of the group make their living selling fruits, vegetables, tortillas, and catalogue products.
Las Señora Elizabeth de estado civil casada, tiene 44 años de edad, curso 5 años de educación primaria, tiene 3 hijos y 2 de ellos estan estudiando, ella se dedica a la venta de cosmeticos por catálogo, inició este negocio con su madre vendiendo siempre productos por catálogo y a la fecha lleva 8 años de experiencia.
Organiza un grupo y solicita un préstamo que lo utilizará para ampliar su negocio comprando mas productos para poder venderlos, en el futuro desea tener un local vendiendo productos de belleza; las demás integrantes del grupo se dedican a la venta de frutas y verduras, tortillas y venta de productos por catalogo.
About Asociación ASDIR
ASDIR (Asociación de Desarrollo Integral Rural - Association for the Development of Rural Communities) is a community-based organization that works to promote development in the villages and communities where it serves. It was founded in 1999 in the village of Nimasac, Totonicapán Department, by a handful of local men and women to support community projects and group loans. Today ASDIR has 5 offices across 3 departments (Totonicapán, Sololá and Suchitepéquez) serving more than 6,000 clients, most of them in rural communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.